Backtracks Raises $2.1 Million for its Podcast Data, Analytics, and Hosting Platform

Backtracks, a data and analytics and hosting platform for podcasts, announced Thursday that it has raised $2.1 million in seed stage funding. Moonshots Capital, Capital Factory, Sputnik ATX, Next Coast Ventures, and Bull Creek Capital led the round with participation from BNSG Capital. Backtracks plans to use the funding to further product innovation and to […]

Entrepreneurs Find More Success with a Purpose-Driven Business

When it comes to work, purpose matters, said Molly Fletcher. “When we are clear on our purpose it helps us suffocate the fear that bubbles up in our life,” said Fletcher, one of the first female sports agents and now a motivational speaker and entrepreneur. Fletcher gave a talk last week at the Chase for […]

Austin-based Santé Ventures Raises $250 Million Fund to Invest in Healthcare and Life Sciences Companies

Santé Ventures, a healthcare and life sciences investment firm specializing in early-stage companies, announced Wednesday it has closed a $250 million fund. This is Santé Venture’s third fund, since its founding in 2006. The firm is based in Austin and has an office in Houston. Fund III has “secured capital commitments from over 30 limited […]

Internet Pioneer Bob Metcalfe Celebrates Ethernet’s 46th Anniversary

Ethernet’s 46th anniversary is Wednesday, May 22nd and on this occasion, Silicon Hills News has done a special edition Ideas to Invoices podcast with Bob Metcalfe, founder of Ethernet. Metcalfe is also professor of Innovation at the University of Texas at Austin. On Tuesday morning, he spoke to Silicon Hills News on the outdoor deck […]

The Austin Technology Incubator Celebrates its 30th Anniversary

When the Austin Technology Incubator launched in 1989, Austin was a much different city. Austin had one of the highest commercial vacancy rates in the country. Its economy struggled to recover after the Savings and Loan Crisis. The technology industry was in its infancy. Thanks to ATI, the longest running incubator in the country, Austin […]

Hypergiant Aims to Dominate the AI Industry on Earth and in Space

By LAURA LOREK, publisher of Silicon Hills News At Hypergiant’s Austin headquarters, Ben Lamm, CEO, and Co-founder takes to the conference room’s whiteboard to explain its structure and expansion plans. Hypergiant launched out of stealth mode in February of 2018 and has been growing steadily with 140 employees in Austin, Dallas, Houston, and Seattle. Its […]

SKU Graduates 7 Consumer Goods Startups

Startup activity for the consumer packed goods industry in Austin is booming. That was evident as the seventh cohort of the SKU Accelerator did their pitches for Demo Day at Native Hostel Tuesday night. It was a standing room only crowd as Bhoomi Cane Water, Grocery Pup, LAMIK, Pure Active CBD, MODEQ, PickleSmash and YVY […]

MassChallenge Texas Selects 74 Startups for its Austin Accelerator

MassChallenge Texas announced it has accepted 74 startups into its latest program in Austin which kicks off in June. The startups hail from five countries, 14 states and five industries, said Mike Millard, managing director of MassChallenge Texas. The largest industry represented is high tech which comprises 42 percent of the startups, followed by general […]

Austin Tech Events to Attend in May

May 1-2 FUND Conference When: May 1st and May 2nd Where: Fairmount Hotel in Downtown Austin Why: FUND Conference hosts an event in Austin annually to promote connections among entrepreneurs, VCs, angel investors, and industry experts. It features panel discussions on a variety of topics, exhibits, and networking. For more info. May 2nd Austin Tech […]

A Cloud Guru Raises $33 Million

 A Cloud Guru announced Monday that it has closed a $33 million growth equity investment. Summit Partners led the round with participation from AirTree Ventures and existing investor Elephant. A Cloud Guru, which provides online cloud computing training and talent development, will use the funding to add new employees, expanding its content library with new courses and […]